BABSON COLLEGE LAUNCHES VENTURE ACCELERATOR TO SUPPORT STUDENT ENTREPRENEURS
The Babson Venture Accelerator has been established at Babson College to support and advance student entrepreneurs in each phase of their startup venture—from opportunity exploration and pursuit with an action plan to the ultimate launch. The Accelerator has several levels:
- Exploring—Students generate and explore ideas, conduct research, and validate market opportunities. This involves industry and market analysis to determine the feasibility of an opportunity, an articulation of the problem, and the social and/or economic need. A feasibility study must be completed before moving to the next phase.
- Pursuing—Students shape the opportunity and create a plan of execution through market research, talking to customers, building prototypes, proving technologies, and building leadership teams.
- Launching and Growing - Ventures are launched and executed, and students “live” the experience; creating a revenue stream, finding investors, and marketing their products and services.
The Venture Accelerator is housed in Babson’s Arthur M. Blank Center for Entrepreneurship where Accelerator operations provide students with stage specific resources including:
- Dedicated Faculty Advisors
- Assessment Tools
- Open Lab Space
- Peer Group Collaboration
Cindy Klein-Marmer, the Center’s Manager of Entrepreneur Development, oversees the Accelerator operations. Faculty advisors:
Phase 1. Robert Caspe
Phase 2. Caroline Daniels
Phase 3. Angelo Santinelli
Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit www.babson.edu.